Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.319%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.319% dearer against SoDEX than usual: you sell high and buy low (spread +0.319% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZHIPU-USD	100.38	0.0091	pay 0.0011% / 1h	21m 53s	$36K	$3K	10x
Short	SunX ZHIPU-USDT	100.70	0	get 0.0000% / 4h	1h 21m	$2K	$919K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee SunXbpOrdersPrice spread, now +0.319%Rate

Funding earned: −$19.11
Price spread: +0.319% → 0.000%: $31.88
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$3.23
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 31 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell SunX live order book, 31 min ago	31.72 bp	136.7 bp −$137	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZHIPU on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZHIPU-USDTshort	0.0000%	4h	100.70	+0.319%	$2K	$919K	10x
SoDEX ZHIPU-USDlong	+0.0091%	1h	100.38	long leg	$36K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	99.990	−0.389%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.40	+0.020%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.47	+0.089%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0460%	8h	100.05	−0.327%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0484%	8h	100.61	+0.229%	$3.2M	$10.8M	50x	as long as short
Bitget ZHIPUUSDT	+0.1236%	8h	100.50	+0.120%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDT	+0.1241%	4h	100.32	−0.060%	$18K	$321K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1302%	1h	100.39	+0.010%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1415%	8h	100.65	+0.269%	$5.5M	$15.7M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.1432%	4h	100.42	+0.040%	$40K	$121K	20x	as long as short
Lighter ZHIPU	+0.1504%	1h	100.43	+0.050%	$106K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2057%	1h	100.43	+0.050%	$28.4M	$6.7M	10x	as long as short
Binance ZHIPUUSDT	+0.2264%	4h	100.40	+0.022%	$23.4M	$57.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2499%	4h	100.22	−0.161%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.2990%	8h	100.48	+0.100%	$374K	$1.3M	25x	as long as short